Along with that, you have liability issues that you can be exposed to if you don't properly hire, document, and pay contractors.  

I did already take some action by finding a cash buyer , but I need to get some info on things like how to properly figure out the repair costs, what I do step by step when I find a good deal , how to know how much I sell the contract for , etc.

For your first rental, I would stay out of the Tree streets or French Hill, if you are buying in Nashua proper. 

Some other issues as well.A second lien which survives a foreclosure would typically be from lack of proper notice and identification to be foreclosed.  

Real estate is something I'm interested in learning more about and am dedicated to building the perfect lifestyle through real estate. 

With proper coaching/mentor-ship and practice they, intentions, can become professionals, goals, that are clearly defined and have a purpose.All the best to you brother!

I am a master plumber in my day job,I would get rid of the guy immediately if you had him sign the proper contracts when he started working,if not you need to work things out with him and get the job done,most likely he has ran out of money and will start asking you for money to finish Do not pay this guy any money to finish,if he can't afford to finish most likely he will tuck his tale and disappearMost all contractors are living from one job to the next,hire only licensed and insured guys The idea of saving money flipping houses will only cost you more money in the endGood luck @Dele Ola

As long as no harm done to anyone else -- who really cares about the lifestyle? 

I have heard if you set it up properly you can get in properties with little to no money down. 

I also fear about looking professional in a suit and tie considering I'm not white like most business people.I want to have a lavish lifestyle and be financially independent by at least age 24.